News

WASHINGTON — Amazon and other online-only retailers have been dealt a major blow, as legislation introduced last week seeks to require such retailers to collect sales tax.

The Main Street Fairness Act would allow states that have adopted the Streamlined Sales and Use Tax Agreement to require out-of-state sellers to collect sales tax whether they have a physical presence in their state or not. The bill would cover all “remote sellers,” which include online retailers, catalog merchants and “1-800” offers on radio and television.

NEW YORK  — The end of Borders as we know it may be drawing near. According to court papers filed with the U.S. Bankruptcy Court in Manhattan, Borders Group is planning to auction off its intellectual property, including the Borders brand name and the Borders.com website, in a move that will enable the brand to live on after liquidation in a limited fashion.

The Sept. 14 auction, which will sell off the logo, trademarks, website, customer lists and other intellectual property, is expected to draw millions of dollars worth of offers.

LAKELAND, Fla. — Investors will wish even harder that Publix would go public, now that the company has reported strong quarterly results and a jump in its private stock price.

Publix, which is not publicly-traded company, said that its stock price rose from $21.65 per share to $22.05 per share, effective Aug. 1. The stock is only available to current Publix associates and members of its board of directors.

MINNEAPOLIS — Target announced that it has donated $15,000 in monetary support and product to assist with Minot, N.D. flooding relief efforts. The company said its donation will help four Minot schools, including Long Fellow, Perkett, Eric Ramstad and Lincoln. Each school will receive $3,000 to support classroom relocation efforts due to flood damage.                             .

NEW YORK — Discount stores will continue to dominate as the destination for the majority of consumers’ back-to-school dollars this year, with office supply stores also remaining strong, according to a survey by Accenture on parents’ back-to-school shopping plans. The majority of parents (59%) will spend between $100 and $500 on back-to-school shopping this year, with 21% of consumers saying they plan to spend more than $500 this year. That’s down from 28% in 2010, indicating a decline in spending on the big ticket items for school.

SALISBURY, N.C. — Delhaize America announced that it is expanding its Food Lion distribution center in Dunn, N.C.

The company said the distribution center, which opened in 1987 and services 264 Food Lion stores in the area, will increase storage space by 54,000 sq. ft. to accomodate more than 4,000 refrigerated and frozen foods.

With the promise of mesmerizing merchandise, an exclusive assortment of My Little Pony products are receiving special toy department treatment at Target this week. The popular Hasbro property is based on a talking unicorn pony and her unique collection of friends, which has made “My Little Pony Friendship is Magic” that airs on Hasbro-owned channel The Hub the number one television show for kids ages two through 11.

HOFFMAN ESTATES, Ill. — Sears Holdings announced that Edgar Huber has joined the company as CEO and president of Lands' End.  Huber is responsible for driving growth and profit opportunities for Lands' End, as well as continuing to drive the culture that provides customers with the quality, value and service that the brand has long been known for.  He was most recently EVP global business development for Liz Claiborne Inc.

The big relaunch of Target’s digital platform isn’t due until later this fall, but that didn’t deter the company from offering plenty of ways to interact electronically with the brand for back-to-school.

Costco isn’t a retailer that comes to mind for most people when it comes to back-to-school shopping, so it was peculiar to see the company’s name atop a list of the best one-stop shopping destinations.

Nothing against Costco, they sell some awesome stuff, but the company can’t be confused with such true one-stop shopping destinations as Target, Walmart or even office supply stores. Costco topped the list due to a flawed survey conducted by STELLAService, a company that provides customer service ratings for online retailers.